The difference between the two:
1, spot crude oil has physical correspondence, and physical asphalt can be delivered when necessary;
Futures crude oil trading means that the contract has no physical counterpart.
2. There is no maximum time limit for spot crude oil positions;
Futures crude oil has a delivery period.
3. Spot crude oil is a market trading system;
Futures crude oil is a matchmaking trading system (bidding trading).
4. Spot crude oil can be traded continuously for nearly 24 hours all day (the settlement time is closed);
Futures crude oil is divided into early trading (9:00- 1 1:30), midday trading (13: 30- 15: 00) and late trading (2 1:00- 65438+ the next day).
5. There is no limit to the fluctuation of spot crude oil;
There are restrictions on the rise and fall of futures crude oil.
6. The handling fee of spot crude oil consists of three parts (transaction fee, spread and warehouse interest); There is no spread and interest rate for futures crude oil.